Stanley Laman Group Ltd. Raises Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Stanley Laman Group Ltd. grew its position in Blue Owl Capital Inc. (NYSE:OWL) by 3.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 265,944 shares of the company’s stock after buying an additional 7,634 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Blue Owl Capital were worth $5,149,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in OWL. Transcendent Capital Group LLC bought a new position in shares of Blue Owl Capital in the 1st quarter worth $26,000. ORG Partners LLC bought a new position in shares of Blue Owl Capital in the 2nd quarter worth $32,000. ORG Wealth Partners LLC bought a new position in shares of Blue Owl Capital in the 3rd quarter worth $32,000. Family Firm Inc. acquired a new position in Blue Owl Capital during the 2nd quarter valued at about $40,000. Finally, Rothschild Investment LLC acquired a new position in Blue Owl Capital during the 2nd quarter valued at about $45,000. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Down 2.5 %

NYSE:OWL opened at $23.16 on Wednesday. Blue Owl Capital Inc. has a 52 week low of $12.11 and a 52 week high of $24.17. The stock has a market capitalization of $33.09 billion, a PE ratio of 193.00, a price-to-earnings-growth ratio of 1.29 and a beta of 1.18. The stock’s 50-day moving average price is $18.86 and its 200-day moving average price is $18.43.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $549.85 million for the quarter, compared to analysts’ expectations of $507.22 million. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. During the same period in the previous year, the firm posted $0.16 EPS. Sell-side analysts expect that Blue Owl Capital Inc. will post 0.79 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were given a $0.18 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.72 annualized dividend and a yield of 3.11%. Blue Owl Capital’s payout ratio is 600.00%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OWL. JMP Securities upped their target price on Blue Owl Capital from $24.00 to $25.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Oppenheimer upped their target price on Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. TD Cowen reaffirmed a “hold” rating and set a $19.00 target price (down from $21.50) on shares of Blue Owl Capital in a research report on Monday, July 8th. Wells Fargo & Company upped their target price on Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. Finally, UBS Group upped their target price on Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average price target of $21.65.

About Blue Owl Capital

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.